1402 & 1404 Ridenbaugh
Welcome investors to a rare 2-for-1 opportunity with two properties situated right next to each other! Both properties are one bedroom one bathroom houses. One of them is soon to be vacant, and the other has been vacant for a while. Both properties need new roofs and a full interior remodel. The vacant property, 1402, also has a decent amount of sheetrock repair, and will need a new furnace and water heater. The furnace and water heater for the soon-to-be-vacant 1404 property appear newer and in good condition. There is off-street parking in the back.
This block has a growing number of houses that have been remodeled in the last five years, making these properties all the more desirable!
Combined purchase price: $22,000
Combined estimated rehab: $90,000
Combined estimated ARV: $140,000
Estimated rent: $750 each; $1500 total
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.